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Title Company:American Title Company <br />Attn: _________________________ <br />Commercial Division <br />5003 College Park <br />Deer Park, Texas 77536 <br />Phone: (281) 479-1913 <br />Fax: (281).479-8609 <br />E-Mail: dlansing@republictitle.com <br />Property: Tract 1: Lots 9, 20 and 21, in Block 52, of TOWN OF LA PORTE, an <br />addition in Harris County, Texas, according to the map or plat thereof recorded in <br />Volume 57, Page 320 of the Deed Records of Harris County, Texas, SAVE LESS <br />AND EXCEPT that portion of the above said lots (if any) and the interest therein, <br />deeded to or condemned by governmental entities for the widening of West Main <br />Street or for right of way purposes, and further described in instrument recorded <br />in Volume 4569, Page 499 of the Deed Records of Harris County, Texas. <br /> <br />Tract 2: Being a 0.241 acre tract or parcel of land situated in the Johnson Hunter <br />Survey, Abstract No. 35, Harris County, Texas, and being all of Lots 7, 8 and 9 in <br />Block 52 of the Resubdivision of Blocks 37 to 60 of the Town of La Porte, a <br />subdivision according to the map or plat thereof recorded in Volume 67, Page 196 <br />of the Deed Records of Harris County, Texas. <br />Developer Sales <br />Contract:That certain Purchase Agreementby and between Corporation and <br />Developer relating to the sale by Corporation of the Property to Developer <br />Attachment 1 <br />substantially in the formattached hereto as and <br />incorporated herein by reference. <br />Restriction <br />Agreement:That certain Restriction Agreement by and between Cityand Developer <br />set forth asExhibit “A” in the Developer Sales Contract. <br />Inspection Period: The period commencing on the Effective Date and ending on the <br />termination of the Inspection Period as defined in the Developer Sales <br />Contract. <br />Closing Date:Concurrent with Corporation’s closing on the sale of the Property pursuant <br />to the Developer Sales Contract. <br />Purchase Price: $________________________ cash <br />WHEREAS <br />, Corporation desires to purchase the Property from City for resale to <br />Developer pursuant to the Developer Sales Contract for development in accordance with the <br />Restriction Agreement; and <br />PURCHASE AND SALE AGREEMENT: CITY OF LA PORTE TO <br />LA PORTE DEVELOPMENTCORPORATION – PAGE 2 <br /> <br />